The National Tax Authority of Colombia published Ruling 20776 of 2015 according to which transactions carried out with tax haven jurisdictions in tax year 2014 are subject to the transfer pricing regime.
According to article 260-7 of the Tax Code (TC), those transactions are subject to the transfer pricing regime and in such cases the Colombian taxpayer are obliged to file an informative transfer pricing return and submit supporting documentation, regardless of whether his gross worth or income at 31 December of the previous tax year exceeds the thresholds provided by articles 260-5 and 260-9 of the TC.
